The strong rally of support at 134.90 is very encouraging for the impulsive count from 111.05. The next upside targets to look for is seen at 162.95 and 178.95, but the long term target remains at 233.80 as a huge flat wave is unfolding. Only from 233.80 is the next strong decline in wave expected to take over for a long term decline to below 100.95.
My preferred count shows that copper saw an important low in mid-January at 1.9355 and a strong rally higher towards 2.6410 now should be expected. From the 1.9355 low a nice five wave rally was seen to 2.3235 as wave (i) and wave (ii) was clearly a three wave zig-zag correction that completed at 2.0130. Wave (iii) started to move higher from 2.0130 in a pretty...
On August 4 - 2016 I said, that we either had seen a bottom at 319.40 or needed one more decline closer to 310.00. With a low seen at 312.00 followed by a rally above minor resistance at 328.60 the low is in place for a long term rally to 440.40 and above here confirms the rally to 519.00.
I believe that the EU pair will be rising for the week. There was consolidation between the 1.10707 support and 1.11051 resistance points. The pair has since broken the 1.11051 resistance point which has now become support. A new found level of support has been confirmed by the EU pair tapping the 1.11356 point more than 3 times. I expect some retracement to the...
GBPCAD Hitting long term lowest structure. Very likely to see the market rally up to the nearest fibonacci level with a possibility for a second target around the nearest resistance level.
We just hit support on the daily and now we are retracing for another buy as we are hitting a support zone on the 4hr. To confirm this analysis, we are expecting a rally in the US dollar within the next 24 hours. Good luck to you all! <3
Corn is tracing out a major complex correction in wave B. This correction began way back in late September 2014 and has unfolded as a zig-zag from the 2014 low at 318 to 443 as wave W and has been followed a zig-zag decline in wave X from 443 to a low currently seen at 319. The X-wave could be complete and if this is the case, then a break above short term...
Overview: The Gold markets rally during the course of the session on Tuesday to the level of $1370. At this point in time, we strongly believe that market is on its bull rally and ready to go higher. The Gold market sentiment is still positive. The main trend of Gold is bullish on charts and and market is sustaining above the 100 days moving average on its 4...
Hello trader!! So this week I want to share with you a trade opportunity that you might want to keep your eyes on it. Few weeks ago I made 675 pips on the biggest gartley after the brexit candle hit my 61.8 target. That is the best trade ever with very low risk. After the brexit there is a gartley formation complete at 1.09587 which I can't get involve because of...
Apple can rally from current levels.. One can buy the stock now with stoploss just below 91.5 and targets are 103.
I believe we're in an upwards facing triangle in the shorter perspective. Although upwards triangles tend to break to the positive side, looking at the daily chart we're also at a big up-spike right now which could increase the chances for a correction downwards. Should the triangle be broken downwards with strong volumes, be cautious since it could be the start...
Volume Apple-0.09% Volume continued falling on Tuesday and Wednesday, -5% on each to 20.8m which is 45% below the 1 month average at 38.5m and 50% below the 6 month average at 40m. This is Bullish IMO as it shows that at these prices holders are not willing to sell their AAPL-0.09% risk at these prices, as they seek higher prices before they offer higher...
Continuing from the previous analysis, we have seen a pullback for support right on the major rising lower trendline @ ~1200. From there, a rapid inversion of the expectations for a fed rate hike have caused the dollar to fall and have risen the precious metal. There is no guarantee that this will keep going as full scale risk aversion hasn't yet kicked in....
Once upon a time their were a bull and a bear in a forex bar. The bear and the bull got into a fight. at first the bull was wooping the bear ass but the bear came back with hay makers himself. The bull put up a pretty solid fight until the bear got news that if knock down the bull he get free drinks all night. so the bear knocked his butt down. little did the bear...
Finally Gold completes the market risk-off 3 for rallying... we not have JPY, BONDS and GOLD all rallying - this completes the set of 3 -riskoff indicators, we are now in full bear mode for stock markets imo.. as you can tell from the US Treasuries and JPY, these riskoff assets have been gaining value for some time, gold has been lagging behind but today...